Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Economy
Related: About this forumUnder pressure from Trump, GM in talks to sell idled Ohio plant
Source: Reuters
BUSINESS NEWS MAY 8, 2019 / 11:37 AM / UPDATED 4 HOURS AGO
Under pressure from Trump, GM in talks to sell idled Ohio plant
David Shepardson, Tyler Choi
5 MIN READ
WASHINGTON/TORONTO (Reuters) - Under pressure from President Donald Trump, General Motors Co said on Wednesday it was in talks to sell an idled northeast Ohio plant to a cash-strapped electric truck-building company.
The No. 1 U.S. automaker also said it would invest $700 million in three other plants in Ohio - a state important to Trumps re-election chances in 2020 - and maintain some operations at a Canadian factory that had been slated to close by year end.
The decisions came after GM faced months of criticism over its plan announced in November to close five North American plants and cut 15,000 jobs. GMs decision to close the small-car assembly plant in Lordstown, Ohio, had become fodder for Trump and several Democratic presidential candidates.
Trump, who disclosed GMs plans for Lordstown in a Wednesday tweet, said the deal with Cincinnati-based Workhorse Group Inc will require the approval of the United Auto Workers union. However, Ohio Governor Mike DeWine expressed caution.
-snip-
Under pressure from Trump, GM in talks to sell idled Ohio plant
David Shepardson, Tyler Choi
5 MIN READ
WASHINGTON/TORONTO (Reuters) - Under pressure from President Donald Trump, General Motors Co said on Wednesday it was in talks to sell an idled northeast Ohio plant to a cash-strapped electric truck-building company.
The No. 1 U.S. automaker also said it would invest $700 million in three other plants in Ohio - a state important to Trumps re-election chances in 2020 - and maintain some operations at a Canadian factory that had been slated to close by year end.
The decisions came after GM faced months of criticism over its plan announced in November to close five North American plants and cut 15,000 jobs. GMs decision to close the small-car assembly plant in Lordstown, Ohio, had become fodder for Trump and several Democratic presidential candidates.
Trump, who disclosed GMs plans for Lordstown in a Wednesday tweet, said the deal with Cincinnati-based Workhorse Group Inc will require the approval of the United Auto Workers union. However, Ohio Governor Mike DeWine expressed caution.
-snip-
Read more: https://www.reuters.com/article/us-gm-restructuring/under-pressure-from-trump-gm-in-talks-to-sell-idled-ohio-plant-idUSKCN1SE23I
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
4 replies, 973 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (1)
ReplyReply to this post
4 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Under pressure from Trump, GM in talks to sell idled Ohio plant (Original Post)
Eugene
May 2019
OP
elleng
(131,457 posts)1. Going for Ohio.
Nuggets
(525 posts)2. GM is going to help Trump win.
Why?
rurallib
(62,492 posts)3. Amazing isn't it?
Especially considering that Obama saved their sorry behinds from collapse.